A Right Wing News poll shows that what I’d call hard-core conservatives oppose the bailout of Wall Street investment firms by an overwhelming margin.
Loath as I am to lend support to people and corporations whose failure is undeniable, doing so seems to be the smart thing rather than sticking to principle while the economy burns to the ground.
Some form of "fix" is inevitable. Conservatives need to be thinking about rational solutions. Doing nothing might not be a rational solution.
It’s also not rational to give Henry Paulson and his successors unlimited control over the bailout process. Some form of Congressional oversight – a responsibility one hopes they will begin to take seriously – is needed, as is a form of recapture in the event that some of the acquired debt proves to be salvageable.